Marion Area Chamber of Commerce 267 W. Center St. Marion, OH 43302
Lars Olson, Senior Vice President, Merrill Lynch - Olson, Vincent, Sharma Group
Special Needs Financial Planning
Proper financial planning advice among special need families. Three quick facts to consider:
Many employees are affected by special needs. Nationwide, it is estimated that 20% of all households with children face a special health care need.
Special needs planning advice is often very different than traditional planning advice. For example, traditional planning advice recommends employees name individuals (spouse/children) as your 401k beneficiaries in order to avoid probate. Special needs financial planning recognizes that the problem of naming a special needs individual as a 401k beneficiary – it may cause him/her to lose their eligibility for key government benefits like Medicaid if they inherit even a modest amount.
Parents of a special needs child must save for “two lifetimes”, and many feel that they aren’t succeeding. Many employees aren’t saving enough to replace their own income in retirement, and employees with special needs in their family must save both for their retirement and for the needs of their special need loved ones after their passing. Indeed, a recent MetLife survey reports that 60% of special needs parents felt their child would never be financially independent.
by Monday, November 18, 2019 at noon by clicking Register Now above, by email reply or by calling 740.382.2181.
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Off street parking for all events held at the Marion Area Chamber of Commerce is available in the large lot marked"Private Lot Marion Chamber, Downtown Marion and Atta Boys at the corner of Orchard and W. Church St.”